Reference no: EM132799960
Question - VIOLET Corporation was incorporated on January 1, 2020 with the following authorized capitalization: (a) 40,000 ordinary shares, no par value, stated value 40 per share (b) 10,000 shares of 5% cumulative preference share, par value 10 per share. During 2020, Violet issued 24,000 ordinary shares for a total consideration of 1,200,000 and 6,000 preference share at 16 per share. In addition, on December 19, 2020, subscriptions for 2,000 preference shares were taken at a purchase price of 17. These subscribed shares were paid for on January 2, 2021.
1. What should Violet report as total contributed capital in its December 31, 2020 statement of financial position?
A. 1,294,000
B. 1,040,000
C. 1,330,000
D. 1,262,000
2. How much is the legal capital?
A. 1,296,000
B. 1,280,000
C. 1,040,000
D. 1,330,000
3. How much share premium is to be reported for the year ended, December 31, 2020?
A. 36,000
B. 276,000
C. 290,000
D. 50,000
|
Explain the challenges posed by managing
: Explain the challenges posed by managing, and working within, a diverse team. In your explanation, include how managers should motivate
|
|
Attainment of organizational goals and objectives
: The increased use of automation, access to the internet, and the multi-generational work force, are some aspects facing today's leaders.
|
|
Explain the professional standards that are relevant
: Explain the professional standards that are relevant to your future career path (i.e., national, state, or local standards, child care licensing requirements.
|
|
What is the effective capacity of resource
: What is the effective capacity of this resource pool measured as units / minute?
|
|
What should violet report as total contributed capital
: These subscribed shares were paid for on January 2, 2021. What Violet report total contributed capital in its December 31, 2020 statement of financial position
|
|
Explain the main function of blade
: List at least four blade types and explain the main function of each blade. Refer to CAT Handbook (Pages 19-36 to 19-38).
|
|
Which culture do you most identify with and why
: Compare and contrast these two cultures. What similarities do they share? Differences? Which culture do you most identify with and why?
|
|
Compute the percentage of idle time for the assignment
: As part of a major plant renovation project, the industrial engineering department has been asked to balance a revised assembly operation to achieve
|
|
Have procedural guidelines for student suspension been met
: Have the procedural guidelines for student suspension been met? What characteristics of a well-ordered school are missing in this scenario?
|